Expro Group (NYSE:XPRO) Cut to “Strong Sell” at Freedom Capital

Freedom Capital cut shares of Expro Group (NYSE:XPRO) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

A number of other analysts have also recently issued reports on XPRO. Piper Sandler cut Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Barclays upped their price target on Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.25.

Expro Group Trading Down 0.8%

Shares of XPRO stock opened at $16.66 on Wednesday. The stock has a market cap of $1.90 billion, a P/E ratio of 37.03 and a beta of 0.91. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $18.73. The business has a fifty day simple moving average of $15.95 and a 200-day simple moving average of $14.06.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The business had revenue of $382.13 million for the quarter, compared to analyst estimates of $413.47 million. During the same period in the previous year, the firm earned $0.19 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts forecast that Expro Group will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expro Group

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Expro Group by 2,394.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,018 shares of the company’s stock valued at $26,000 after acquiring an additional 2,897 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares during the period. State of Alaska Department of Revenue bought a new stake in Expro Group during the third quarter valued at $47,000. Global Retirement Partners LLC acquired a new stake in shares of Expro Group during the fourth quarter worth $51,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after purchasing an additional 3,813 shares during the period. 92.07% of the stock is currently owned by institutional investors.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.